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Sonic R. System

  • #14,861
  • Oct 20, 2010 8:45pm Oct 20, 2010 8:45pm
Quoting traderathome
Entered long on these two last week. Today the asian session traders have hammered the prices down. So, I am taking advantage of this and adding to the long positions, per attached pics. Obviously, these are not SonicR re-entries.

The original trades were not managed well. EJ should have been closed when first reaching TP1. The GJ trade was entered outside of approved hours, and should never have been initiated. But having done so, it should have been closed Friday when nearing TP1 because Friday afternoons can be quite lackluster.
GJ Long Trade Closed:

This has been a 5 day mistake, finally rectified. Trade closed; no profit, no loss. This might go higher later today, but for now I am glad to be out. Time now to regroup.
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  • #14,862
  • Edited 9:30pm Oct 20, 2010 9:09pm | Edited 9:30pm
Asian session traders just torpedoed this pair. The move down was very strongly traded. Not only that, but the PPMs hiked the price before the dump, and it was at the highs of the hike that the heavy trading started. This was a classic Pump and Dump!

I would expect the euro PPMs to do some shenanegans also, because so far only the US and asian session PPMs have enjoyed the highs. For now, the asian PPMs are pumping back up on light trading. Looks like they are trying to "reset" it high again for another heavy selloff. This is speculation, of course. I have entered here light. If the price gets pumped again later, I might add to the short trade.

Let the market decide. Trade what you see.
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  • #14,863
  • Oct 20, 2010 9:22pm Oct 20, 2010 9:22pm
Quoting traderathome
Asian session traders just torpedoed this pair. The move down was very strongly traded. Not only that, but the PPMs hiked the price before the dump, and it was at the highs of the hike that the heavy trading started. This was a classic Pump and Dump!

I would expect the euro PPMs to do some shenanegans also, because so far only the US and asian session PPMs have enjoyed selling off at the highs. For now, the asian PPMs are pumping back up on light trading. Looks like they are trying to "reset" it high again for another heavy selloff. This is...
Great Call. I shorted the AUD/USD in similar PA setup. It seems I should have shorted the Eur/USD instead. I am feeling not right for the AUD upside move after china's CPI and GDP released.
  • #14,864
  • Edited 10:17pm Oct 20, 2010 9:53pm | Edited 10:17pm
Quoting oohyeahsimon
Great Call. I shorted the AUD/USD in similar PA setup. It seems I should have shorted the Eur/USD instead. I am feeling not right for the AUD upside move after china's CPI and GDP released.
Some crazy PA, for sure. Looks like everything went up against the yen and down against dollar. It was only a spike, but it could be a harbinger for bigger, longer lasting moves later, when all the big trading outfits get their ducks lined up.

BTW, Sonicdeejay has a rule here.......no pic, no post. So, please do your best to post a chart, expecially if you made a trade entry. Your short trade looks like it may be getting the benefit of another turn down. We'll see what happens.......
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  • #14,865
  • Oct 20, 2010 10:06pm Oct 20, 2010 10:06pm
Quoting traderathome
Some crazy PA, for sure. Looks like everything went up against the yen and down against dollar. It was only a spike, but it could be a harbinger for bigger, longer lasting moves later, when all the big trading outfits get their ducks lined up.

BTW, Sonicdeejay has a rule here.......no pic, no post. So, please do your best to post a chart, expecially if you made a trade entry.
sorry for not posting pic, I am still junior member in FF. am I allowed to post picture? i will check it out
  • #14,866
  • Oct 20, 2010 10:33pm Oct 20, 2010 10:33pm
Quoting traderathome
Asian session traders just torpedoed this pair. The move down was very strongly traded. Not only that, but the PPMs hiked the price before the dump, and it was at the highs of the hike that the heavy trading started. This was a classic Pump and Dump!

I would expect the euro PPMs to do some shenanegans also, because so far only the US and asian session PPMs have enjoyed the highs. For now, the asian PPMs are pumping back up on light trading. Looks like they are trying to "reset" it high again for another heavy selloff. This is speculation, of...
I have closed the trade with 30 pips profit. I now await the euro trading, because they may take PA back up before any good run down. If not, I still have profit and can enter again at whatever price.
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  • #14,867
  • Oct 21, 2010 12:02am Oct 21, 2010 12:02am
interesting TAH, I had a gap yesterday in this pair (eurjpj, usdchf as well), managed to get ~100pips and there is no gap in your chart..
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Patience is the key.
  • #14,868
  • Edited 3:08am Oct 21, 2010 1:39am | Edited 3:08am
Hello Sonic and everyone

I am still at pg 142 but going to try to finish everything. I have posted a chart hope you guys can comment.

QQE down
CCI down


edit: got stopped out
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  • #14,869
  • Oct 21, 2010 7:51am Oct 21, 2010 7:51am
Quoting Heavenforex
Hello Sonic and everyone

I am still at pg 142 but going to try to finish everything. I have posted a chart hope you guys can comment.

QQE down
CCI down


edit: got stopped out
Please note the time lines on my chart. When you posted your chart the London market was just opening. And those traders had not yet shown their hand, which was eventually up, in the direction of the previous spike; not down.

What time it is during the day can be every bit as important as where the PA is.
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  • #14,870
  • Oct 21, 2010 7:55am Oct 21, 2010 7:55am
Quoting traderathome
Please note the time lines on my chart. When you posted your chart the London market was just opening. And those traders had not yet shown their hand, which was eventually up, in the direction of the previous spike; not down.

What time it is during the day can be every bit as important as where the PA is.

Thanks traderathome, I was following the 1am est rule.. so do you suggest I should place my position after 3am est when london opens?
  • #14,871
  • Edited 8:33am Oct 21, 2010 8:23am | Edited 8:33am
Quoting traderathome
I have closed the trade with 30 pips profit. I now await the euro trading, because they may take PA back up before any good run down. If not, I still have profit and can enter again at whatever price.
The London PPMs pumped the PA for themselves, so now all....asian, euro and US PPMs have had a chance at the highs. And it looks like the US PPMs will start the drive down. Anyway, PA is set for a SonicR short here.

Edit: There is a high impact USD release coming up. So PA may be triggered then.
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  • #14,872
  • Oct 21, 2010 8:30am Oct 21, 2010 8:30am
Quoting traderathome
The London PPMs pumped the PA for themselves, so now all....asian, euro and US PPMs have had a chance at the highs. And it looks like the US PPMs will start the drive down. Anyway, PA is set for a SonicR short here.

I have the same entry too, btw what is the RGH and RGL?
  • #14,873
  • Oct 21, 2010 8:54am Oct 21, 2010 8:54am
Quoting Heavenforex
I have the same entry too, btw what is the RGH and RGL?
The are the computed average range high and range low limits for the day, and are part of the indicators here:

http://www.forexfactory.com/showpost...ostcount=12483
  • #14,874
  • Oct 21, 2010 8:59am Oct 21, 2010 8:59am
Quoting traderathome
The are the computed average range high and range low limits for the day, and are part of the indicators here:

http://www.forexfactory.com/showpost...ostcount=12483

Thanks traderathome, will take a look at it. Anyway I am still in the trade as I am using 50 pips stoploss but its looking bad lol... holding on
  • #14,875
  • Oct 21, 2010 9:01am Oct 21, 2010 9:01am
Look at the pic. Lots of time spent at lows (and these are true long TF lows!) preparing for a run.....I expect upwards after all this.

Let the market decide.
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  • #14,876
  • Oct 21, 2010 9:20am Oct 21, 2010 9:20am
PPMs are Running Stops:

We just had a high impact release. Previous to it, PA was run up and held up.....for all intent and purposes to give time to short at highs ahead of the release. But now that the release is made, we have another spike up. Why?

Most likely the PPMs know that lots of traders loaded up on shorts for a move down after the release. What better time is there to manipulate the price back up towards the highs and trigger lots of SLs on these new short positions? It liquidates them and the increased liquidity allows the PPMs to make more shorts themselves......just ahead of the move. They won't start the move until they think they have pretty much dried up the pickings up here.

Speculation! But, I have added up here to the short trade.
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  • #14,877
  • Edited 11:23am Oct 21, 2010 9:42am | Edited 11:23am
Quoting traderathome
Look at the pic. Lots of time spent at lows (and these are true long TF lows!) preparing for a run.....I expect upwards after all this.

Let the market decide.
Settings per attached M15 chart. It is getting late in the approved hours span. Now that I am in it, I'll see what the afternoon brings. If it does not move up, the next (last of week) asian session might drop it again. So, I'll likely close before end of today and look to re-enter lower then.....IF it does not start to move today.

Edit: I have subsequently added to this long trade twice (2nd chart).
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  • #14,878
  • Edited 1:07pm Oct 21, 2010 11:52am | Edited 1:07pm
As NYC lunch hour comes towards a close, PA started making new lows. Don't know if PA lows represents end for today, or if there will be another leg down.

Edit: Closed trade for 97 pips profit on this move down.
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  • #14,879
  • Edited 2:12pm Oct 21, 2010 1:12pm | Edited 2:12pm
The PPMs will just NOT let this run up! Makes me think when they let it go, it goes for hundreds of pips!

Anyway, I have added to this several times, per attached pic. My outlook for this is a target of 132.00 area, per 2nd pic.

Let the market decide. Trade what you see.
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  • #14,880
  • Oct 22, 2010 4:23am Oct 22, 2010 4:23am
EU:

This might set up for a long trade. PA is in a range. The recent stab below the whole number and out of the range was with high activity.
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